Infinity Eng Regulatory News (INFT)

GLOBAL BRANDS S.A. - Result of Meetings

PR Newswire

London, June 1

Global Brands S.A.

(“Global Brands” or the “Company”)

Result of EGM and AGM

Appointment of Director

The Board of Directors of Global Brands is pleased to announce that at today's Extraordinary General Meeting and Annual General Meeting, all resolutions were duly passed.

Accordingly, the Company will shortly change its name to Infinity Energy S.A.

In addition, the Company is pleased to announce the appointment of Gary Neville as a Director to the Company with immediate effect.

Mr Gary Arthur Neville (aged 58) has an infrastructure, project finance, management consultancy and accountancy background. Until recently, Mr Neville was Managing Partner and Chief Investment Officer of the manager of the InfraMed Infrastructure fund ($500m) targeting transport, power and urban infrastructure projects in the SEMED region. The fund became substantially invested within 3 1/2 years of his joining. Investments include deep-water port, wind farm, CCGT, and oil & gas projects.

Mr Neville was formerly CEO of the exclusive investment advisor to Infrastructure India plc (LSE Main List) and was responsible for the origination and execution of infrastructure investments in India. Infrastructure India plc became substantially invested within four months taking stakes in projects in the transport and power sectors and a substantial pipeline of future opportunities developed in the chosen sectors.

Mr Neville was previously a main board director of John Laing plc, one of the largest publicly quoted PPP/PFI infrastructure investors in the UK at the time, with the responsibility of managing and growing the John Laing infrastructure asset portfolio during the period the company was transformed from a construction company into an infrastructure investor. His responsibilities included asset acquisitions, disposals and refinancing, and project monitoring and he also sat on the company’s investment committee. Mr Neville joined John Laing plc in 2001 and left in 2007 after overseeing its sale to Henderson for in excess of £1 billion. John Laing plc delivered circa 45% IRR for investors from Oct 2001 to the date of its acquisition in Dec 2006. Mr Neville was also the CEO of Laing’s FSA authorised fund management entity. At John Laing, Mr Neville represented the company on several PFI SPV entity boards.

Mr Neville was a former management consultant with PWC and BDO Binder Hamlyn, Head of Project Finance at merchant bank Guinness Mahon and has held senior finance positions with Dow Chemical, including in the oil and gas sector, and Allied Lyons. He holds a Teacher’s Certificate from Durham University, is a fellow of the Chartered Institute of Management Accountants and a member of the Chartered Institute for Securities and Investment.

Gerwyn Williams, Chief Executive Officer, said “We are delighted that Gary has agreed to join the Board and we look forward to working with him as we continue to strengthen the Company’s Board and continue our oil and gas investing policy.”

Mr Neville holds 250,000 Ordinary Shares in the Company representing 0.07% of the issued share capital of the Company.

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